Net Revenues Increase 1% for Coty in Q4 2026

Net revenues increased 1% for Coty in Q4 2026 to $1.26 billion for the three months ended June 30, 2026.

Prestige net revenues of $771.8 million, representing 61% of the company’s total sales, increased 1% on a reported basis and included a 2% benefit from FX. On a LFL basis, prestige net revenues declined 0.5%, which included an estimated 1.5% headwind from the conflict in the Middle East.

Consumer Beauty net revenues of $497.4 million, representing 39% of the company’s total sales, increased 1% on a reported basis and included a 4% benefit from FX. On a LFL basis, Consumer Beauty net revenues declined 3%, which included an estimated 1% headwind from the conflict in the Middle East.

For the 12 months ended June 30, 2026, net revenues of $5.8 billion decreased 2% and included a 4% benefit from FX. On a LFL basis, net revenues decreased 5%. Prestige net revenues of $3,805.8 million, representing 66% of the Company’s total sales, decreased slightly on a reported basis and decreased 4% on a LFL basis.

Consumer Beauty net revenues of $2,000.8 million, representing 34% of the company’s total sales, decreased 3% on a reported basis and 7% on a LFL basis.

“We closed FY26 on a stronger note, delivering sales and profit ahead of our targets, growing free cash flow even in the face of business headwinds, all while establishing a clear strategic framework and taking decisive action to steadily strengthen our core business in FY27 and beyond,” said Markus Strobel, executive chairman and interim chief executive officer. “We were pleased to return to reported sales growth, with Q4 sales up 1% year-over-year and a significant sequential improvement in our like-for-like (LFL) trends to down 1%, despite incurring an estimated 1% headwind to sales from the Middle East conflict. It’s encouraging to see closer alignment between our sell-in and sell-out. However, we are not content with our sell-out performance, which remains below market levels in both divisions, and steadily closing that gap remains a clear priority across the organization.

Coty Curated Framework

The company’s Coty.Curated strategic framework has entered the execution phase, with “tangible actions taken.” Coty began rightsizing its commercial organization and Consumer Beauty R&D and global brand marketing functions to enhance agility and accountability. Coty has also incorporated concrete market share targets into its global incentive program. Its FY27 “big bets” have been identified, and the company will support them with “amplified advocacy” and consumer engagement programs, while optimizing the visibility and recommendation of our brands across AI platforms, officials said. In Consumer Beauty color cosmetics, Coty is working to simplify the innovation calendar and SKU base, and shift resources toward fewer, higher-impact launches and proven hero products. Coty said it plans to execute these actions with discipline to minimize the impact on sales.

“Over the last three quarters, we have advanced our strategic objectives of simplifying our portfolio, sharpening our focus on the core of our business, and reducing our debt balance,” said Strobel. “In December 2025, we monetized our remaining stake in Wella for $750 million. In July 2026, we announced an agreement to sell the Gucci Beauty license back to Kering approximately one year ahead of its expiration for $400 million, plus additional proceeds from inventory. These favorable outcomes are fully consistent with our objectives, as we deploy the proceeds toward debt reduction, reinvestment in Coty’s core prestige fragrance and beauty brands, and optimization of our organizational structure.”

Gucci Beauty License Exit

Officials anticipate the Gucci Beauty license exit will result in a step-down in sales and profit in FY28. However, Coty is developing plans to help moderate the impact. These plans include accelerating its core brands; maximizing the contribution from new portfolio additions, including makeup under Marc Jacobs Beauty and fragrances under Swarovski, Etro, and Marni; and lowering our cost structure through a significant fixed cost reduction program. These actions are designed to mitigate the FY28 impact and position Coty to accelerate growth across our core portfolio and drive profit expansion in FY29 and beyond.

Outlook

Coty expects 1Q27 LFL revenue to decline by a low- to mid-single-digit percentage. While sell-out trends for both divisions are expected to be broadly consistent with the trends in the second half of FY26, the timing of customer orders and prior year comparisons are expected to contribute to fluctuations in year-over-year sales trends.

Coty Appoints Soraya Benchikh Chief Financial Officer

On the heels of the company’s Q4 2026 results, Coty appointed Soraya Benchikh as chief financial officer, effective Sept. 1, 2026. Benchikh succeeds Laurent Mercier.

Officials say the appointment follows the new operating structure Coty implemented on July 2, which brought commercial decision-making closer to the markets Coty serves and combined research and development, and supply chain, into a single function.

Benchikh brings more than two decades of international finance and general management experience across major global consumer goods companies. She most recently served in the same capacity for British American Tobacco (BAT), where she held a series of senior roles, including President of BAT France, Area Director for East and Southern Africa, and Regional Finance Director for Europe. Benchikh was also part of the leadership team that drove BAT’s transformation, after spending nearly four years at Diageo, most recently serving as President, Europe. She started her career in finance with General Electric and Gillette. Benchikh will join Coty’s executive committee and report directly to Markus Strobel.

“Soraya is a seasoned global executive with a strong track record of financial and operational leadership, and she is the right leader for Coty’s next phase,” said Strobel. “As we welcome her to Coty, I would like to sincerely thank Laurent for his leadership in strengthening Coty’s financial foundation over the past five years. He shaped a better finance organization, built greater financial discipline, and created a clear financial roadmap.”